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In Japan, a major player in the conventional financial sector is edging closer to crypto adoption – as credit card giant JCB announced that it would be working on a crypto-related pilot.
In a press release, the Japanese card firm said that it had begun working on a pilot with Cowry, a Tokyo-based payments and blockchain startup that was set up in 2017. The firms, they said, would begin on a demonstration experiment involving interoperability solutions for tokens, making use of “existing cryptocurrencies and other blockchain networks” on Cowry’s own blockchain platform.
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